Progressive Corporation
Progressive Corporation (NYSE: PGR) operates as a major property-casualty insurance holding company serving consumers, agents, and business owners across the United States. The company maintains a comprehensive website at progressive.com where customers can obtain quotes and manage policies online. From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Progressive Corporation does
In the company’s own words
Progressive Corporation (NYSE: PGR) operates as a major property-casualty insurance holding company serving consumers, agents, and business owners across the United States. The company maintains a comprehensive website at progressive.com where customers can obtain quotes and manage policies online.
Progressive's core business encompasses personal and commercial auto insurance, personal residential property insurance, and specialty coverage for motorcycles, watercraft, and recreational vehicles. The company also provides business-related general liability and commercial property insurance primarily for small businesses, workers' compensation insurance for the transportation industry, and other specialty property-casualty products. As of December 31, 2025, Progressive employed approximately 70,000 people and operated throughout all 50 states and the District of Columbia.
The company operates through two primary reportable segments. Personal Lines accounted for 87 percent of total net premiums written in 2025 and includes personal auto insurance, special lines products, and personal residential property insurance. Commercial Lines represented 13 percent of premiums written and focuses on commercial auto coverage, business owners' policies, and workers' compensation. Progressive ranked second in the U.S. private passenger auto insurance market and first in the commercial auto market as of 2024.
Progressive distributes products through both agency and direct channels. The agency channel includes relationships with more than 40,000 independent insurance agencies nationwide, while the direct channel operates through online platforms and telephone services. The company's investment portfolio reached $97.4 billion in fair value at year-end 2025.
Key competitive advantages include proprietary usage-based insurance programs such as Snapshot for personal auto and Smart Haul for commercial vehicles, which leverage billions of driving miles of data. The company maintains substantial intellectual property including patents on Name Your Price functionality, multi-product quoting systems, and chatbot implementations. Progressive's Destination Era strategy focuses on bundling multiple insurance products and partnering with unaffiliated carriers to provide comprehensive financial solutions to customers seeking integrated coverage options.
Company details
- Sector
- Financials
- Industry (SIC)
- Property & Casualty Insurance
- Headquarters
- MAYFIELD VILLAGE, OH
- Fiscal year end
- December
- CIK
- 80661
- SIC
- 6331
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Progressive Corporation — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Progressive Corporation · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Progressive Corporation’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Progressive Corporation’s bonds, as funds hold them
Funds report holding 16 issues of Progressive Corporation’s debt, $1.08B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.50%, maturing 2027 to 2052.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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